Filed November 22, 2022
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,541 | $52,353-20.7% | $120,225-65.4% | $82,448-49.6% |
| Participation rate | 59.6% | 58.3%+1.3pp | 69.6%-10.0pp | 68.1%-8.5pp |
| Annual return | 16.70% | 61.85%-45.1pp | 439.23%-422.5pp | 41.64%-24.9pp |
| Employer contribution / active EE | $1,259 | $1,510-16.6% | $3,475-63.8% | $2,551-50.6% |
| Participant deferral / active EE | $3,438 | $2,627+30.9% | $3,999-14.0% | $4,139-16.9% |
| Admin fee / account holder | $6,267 | $4,363+43.7% | $5,696+10.0% | $7,234-13.4% |